1st deal- MICHIGAN
I set up my website and went around to places I thought were a good place to drop flyers and business cards. It wasnt even a few hours until I get a few forms submitted.
There is one property in particular I have questions about.
I recieved the address so I went on my counties Deeds Record website and I seen that the person who owned this property had a quite claim deed.
What is up with the quite claim deed and how do I go about investigating the true title of the deed.
I understand the basics of real estate but I still cant figure out the quite claim deed thing yet.
Main question.
How do you go about researching a property that has a quite claim deed?
Also how do you find out if the property has any liens.
water,taxes,gas? can you guys give me some directions.
I would also like to know why when i searched the property records I noticed this person had 4 properties that had quite claim deeds and they all were with a "consideration of $1.00" can some one please explain what this is all about.
I think once you guys teach and advice me about the whole DEED thing I will be more comfortable making deals.
Thanks for your time its greatly appreciated